On 19 January 2007, the Danish government released a policy statement, "A Visionary Danish Energy Policy 2025", which contains proposals for the cost effective fulfilment of overall energy policy objectives for security of supply, environmental impact and competitiveness. The initiatives in the proposal combine political regulation and market mechanisms. The proposal is founded on the governments forward-looking vision of Denmark in the long-term being entirely independent of fossil fuels - coal, oil and natural gas. With a view to realising its vision, the government set the following targets prior to 2025: - A minimum 15% reduction in the use of fossil fuels compared with today. - Preventing an overall increase in energy consumption, while sustaining economic growth. With this in mind, the energy saving initiative will be increased to 1.25% annually. - The share of renewable energy must be increased to at least 30% of energy consumption by 2025. - A doubling of publicly funded research and development into and demonstration of energy technology to DKK 1 billion annually from 2010 onwards In order to achieve these targets the government proposed a number of new energy saving and renewable energy initiatives along with initiatives aimed at new and more efficient energy technologies. Additionally, the statement provided that the proposed targets and means would be reappraised every four years and that in 2015, an overall halfway assessment of the extent to which targets have been met would be made and the efficiency of the initiatives and measures taken would be appraised.